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$NWL has appointed Russ Torres, previously a partner at Bain & Company, to the new post of Chief Transformation Officer. Torres will lead all integration and transformation efforts for future Newell Brands. Torres will join $NWL on April 1 and will report to Mark Tarchetti who will be President of Newell Brands on completion of the $JAH deal.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.